Fiscal Cliff to be History

The fiscal cliff appears to be history: Late last night congress passed legislation to avoid it. The house voted to accept a plan that originated in the senate on New Year’s Eve. The president says he will sign it, but for now he’s headed back to Hawaii to rejoin his family on vacation. Meanwhile, you will probably still have more taxes taken out of your paycheck this year. That’s because there was a temporary reduction in Social Security taxes put in place a while back that expired yesterday and wasn’t renewed.